Cabot Wealth Management Inc. Has $3.03 Million Stake in MercadoLibre, Inc. (MELI)
Cabot Wealth Management Inc. decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,700 shares of the company’s stock after selling 235 shares during the quarter. Cabot Wealth Management Inc.’s holdings in MercadoLibre were worth $3,029,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Orbis Allan Gray Ltd grew its position in shares of MercadoLibre by 10.2% during the 2nd quarter. Orbis Allan Gray Ltd now owns 1,591,614 shares of the company’s stock worth $399,304,000 after buying an additional 146,891 shares during the period. Koch Industries Inc. grew its position in shares of MercadoLibre by 85,458.8% during the 2nd quarter. Koch Industries Inc. now owns 965,959 shares of the company’s stock worth $962,000 after buying an additional 964,830 shares during the period. Jennison Associates LLC grew its position in shares of MercadoLibre by 45.9% during the 2nd quarter. Jennison Associates LLC now owns 779,039 shares of the company’s stock worth $195,445,000 after buying an additional 245,213 shares during the period. Harding Loevner LP grew its position in shares of MercadoLibre by 1.7% during the 2nd quarter. Harding Loevner LP now owns 559,944 shares of the company’s stock worth $140,479,000 after buying an additional 9,564 shares during the period. Finally, Capital World Investors grew its position in shares of MercadoLibre by 48.6% during the 2nd quarter. Capital World Investors now owns 353,763 shares of the company’s stock worth $88,752,000 after buying an additional 115,663 shares during the period. Institutional investors own 84.06% of the company’s stock.
Shares of MercadoLibre, Inc. (NASDAQ MELI) traded up $4.46 on Friday, reaching $270.87. 839,300 shares of the company’s stock were exchanged, compared to its average volume of 1,079,699. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.42 and a current ratio of 1.44. The company has a market capitalization of $11,960.81, a price-to-earnings ratio of 77.39, a P/E/G ratio of 4.31 and a beta of 2.04. MercadoLibre, Inc. has a 1 year low of $148.98 and a 1 year high of $297.95.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $370.66 million for the quarter, compared to analyst estimates of $347.29 million. MercadoLibre had a net margin of 10.91% and a return on equity of 34.78%. The firm’s revenue for the quarter was up 60.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. research analysts forecast that MercadoLibre, Inc. will post 2.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, December 28th. MercadoLibre’s dividend payout ratio is presently 19.93%.
Several equities research analysts have recently commented on MELI shares. Piper Jaffray Companies reiterated a “buy” rating and set a $268.00 price target on shares of MercadoLibre in a research report on Monday, October 23rd. Barclays PLC decreased their price objective on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, July 19th. Susquehanna Bancshares Inc restated a “market perform” rating and set a $275.00 price objective on shares of MercadoLibre in a report on Tuesday, August 1st. BidaskClub upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Finally, Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective on shares of MercadoLibre in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. MercadoLibre currently has a consensus rating of “Buy” and a consensus price target of $271.21.
MercadoLibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI).
Receive News & Ratings for MercadoLibre Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.